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It's the Economy, Stupid, and It's Good!
Canada Free Press newspapers ^ | October 25, 2004 | Alan Caruba

Posted on 10/25/2004 8:15:10 AM PDT by MikeEdwards

Lacking any real issues to run on, the Democrat Party and its candidate have been telling anyone who will listen that the United States is staring a new Depression in the eye. They cite the rising per barrel cost of oil, rising health care costs, and the "failure" of the Bush administration to create jobs, despite the fact that the government doesn't create jobs; private industry and businesses, large and small, do that.

If you believed the Democrats, you would have to conclude the economy is a mess, but it is not. By June of this year, all the economic indicators pointed to a very healthy economy and one that was growing. Writing that month, Mortimer B. Zuckerman, editor-in-chief, of U.S. News and World Report, was almost euphoric. "New jobs are being generated in large numbers, income is growing at twice the rate of last year, and the acceleration is such that we will probably see 5 percent growth in the gross domestic product." The numbers by June included the fact that 61 percent of private industries surveyed had added workers, "the highest in four years." . . . . .

To read the entire Canada Free Press column read It's the Economy, Stupid, and It's Good!

(Excerpt) Read more at canadafreepress.com ...


TOPICS: Business/Economy; Politics/Elections
KEYWORDS: economic; economy; election; elections; president; presidential; wealth

1 posted on 10/25/2004 8:15:12 AM PDT by MikeEdwards
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To: MikeEdwards

And Kerry accused Bush of "manipulating the facts". What a crock.


2 posted on 10/25/2004 8:16:39 AM PDT by Julius2
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To: MikeEdwards

It's sad when we have to have Canada tell us these things.


3 posted on 10/25/2004 8:18:42 AM PDT by Se7eN
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To: MikeEdwards

If Skerry wins... Watch the economy EXPLODE!! You'll know it's taking off cuz the MSM will tell you so.


4 posted on 10/25/2004 8:31:22 AM PDT by RogerWilko
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To: MikeEdwards
Leading economic indicator dropped for the 4th consecutive month last week, indicating a probable recession.

Oil is at a record high with the winter heating oil season just around the corner. Oil inventories are at low levels. There is an unwritten rule that every $10 increase in oil cuts .2% off GDP.

Citigroup revised its 4th quarter GDP forecast down a full percentage point to 3% last week.

Reported earnings are mixed, with the markets meandering instead of rallying.

The bond market is good, indicating the markets are worried about the economic outlook.

The last employment report was terrible. 96,000 jobs created when the median projected forecast was 150,000. In addition, when you take government job growth gains out of the number, the net gain was 55,000.
5 posted on 10/25/2004 8:42:37 AM PDT by Bonddad (No, it's not that good)
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To: MikeEdwards
See One Economy, Two Spins and various replies to Bonddad. Also, Scorecard on the Economy
6 posted on 10/25/2004 3:57:56 PM PDT by Conservative Coulter Fan (BURN IN HELL, MICHAEL MOORE!)
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